Peter Navarro: Trump has the backs of American farmers

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"This president has the back of the farmers," Navarro told CNN's Jake Tapper on "The State of the Union." He said that "much of the money that the United States withdrew tariffs" goes directly to farmers ".

US farmers are showing nervousness over the US-China trade war, including the postponement of the purchase of tractors and other equipment.

Deere, the agricultural equipment company, has reported lower results and sales than the Wall Street forecast on Friday. Overall revenue was down 3% from a year ago. The results "reflect the high degree of uncertainty that continues to dominate the agricultural sector," said Samuel Allen, CEO of Deere, in a statement.

Gary Wertish, president of the Minnesota Farmers Union, recently told CNN: "Words, tweets and tweets – it does not pay farmers' bills, it does not solve the problem we are facing."

"This one is self-inflicted by our president, and we absolutely agreed with him at first, but it does not seem that there is plan B," Wertish said. .

Lindsay Greiner, president of the Iowa Soybean Association, said that government subsidies were a "mediocre cure for trade".

"Short-term and staggered subsidies are a poor cure for trade, they boost production but not sales, and so they do little to solve the long-run stuffing that non-sale of soybeans has to destinations like China, the world's largest customer., "Greiner said in a statement in May.

Navarro was adamant Sunday on "the state of the Union", telling Tapper that farmers "are behind this president". And Navarro insisted that tariffs "do no harm to anyone" in the United States. "They are hurting China," he said.

Bad economic news raises political risks for Trump

Democratic presidential candidate Pete Buttigieg said in an exclusive Tapper interview Sunday that "American farmers are being killed".

The mayor of South Bend, in Indiana, said that he had just spoken to Iowa farmers who supported the president, who "are now wondering how long are we supposed to to take one for the team? "

He stated that Trump had failed to reach an agreement "and that in the meantime, we are paying the costs of these tariffs." Buttigieg said there is "no clear strategy" for the trade war that will benefit US farmers and consumers.

Navarro and Buttigieg's comments come as fears of a global recession in preparation have been renewed last week. Five of the world's largest economies are in danger of recession, and a week of whiplash on Wall Street has raised fears that the US economy will also be dragged down.
The US economy remains strong for now. Since Trump took office, the stock market has peaked and unemployment has remained at historically low levels. However, a number of factors could trigger a slowdown in the United States, including Trump's trade policy, the weakening of the global economy, the mitigation of the effects of tax cuts 2017, or even a risk of deflation.

Trump tweeted Sunday afternoon about the negotiation of trade agreements with China, writing that the country is "ready for strong growth after the conclusion of trade agreements".

"Import prices are falling, China is eating customs duties, helping targeted farmers recover large amounts of money from customs duties," wrote Trump.

Donna Borak, Katie Lobosco and Vanessa Yurkevich of CNN contributed to this report.

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